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2024 Compare Cities Housing:
Richmond, IN vs New Albany, IN

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Highlights
- The median age of a home in Richmond is 6.3% older than the median age of a home in New Albany.

Housing
 Richmond, INNew Albany, INUnited States
 Median Home Age646042
 Median Home Cost$126,700$195,900$338,100
 Home Appr. Last 12 months15.1%15.2%16.6%
 Home Appr. Last 5 yrs.51.5%55.7%57.0%
 Home Appr. Last 10 yrs.73.6%81.4%101.1%
 Property Tax Rate$9.0$8.7$11.0
 Homes Owned47.1%48.6%57.4%
 Housing Vacant15.6%15.3%11.2%
 Homes Rented37.3%36.1%31.4%
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 Avg Rent For Home Or Apartment
 Richmond, INNew Albany, INUnited States
 Average Rent$1,220$1,350$1,840
 Studio Apartment$670$760$1,080
 1 Bedroom Home or Apartment$760$860$1,180
 2 Bedroom Home or Apartment$1,000$1,030$1,430
 3 Bedroom Home or Apartment$1,240$1,370$1,860
 4 Bedroom Home or Apartment$1,360$1,570$2,160
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 Vacant Housing
 Richmond, INNew Albany, INUnited States
 Vacant For Rent3.3%4.6%1.9%
 Vacant Rented0.4%1.5%0.4%
 Vacant For Sale0.7%1.1%0.7%
 Vacant Sold0.4%0.6%0.4%
 Vacant Vacation0.3%1.5%3.6%
 Vacant Other10.6%6.0%4.1%
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 Owner-Occupied Housing Value
 Richmond, INNew Albany, INUnited States
 Less Than $20,0005.9%2.5%2.6%
 $20,000 to $39,9997.5%2.7%2.4%
 $40,000 to $59,99911.2%2.0%2.8%
 $60,000 to $79,99919.9%7.3%3.9%
 $80,000 to $99,99916.1%11.1%4.5%
 $100,000 to $149,99920.9%30.0%11.3%
 $150,000 to $199,99910.0%27.4%13.0%
 $200,000 to $299,9994.7%11.4%20.1%
 $300,000 to $399,9991.9%4.5%13.6%
 $400,000 to $499,9990.1%0.3%8.3%
 $500,000 to $749,9991.6%0.6%9.7%
 $750,000 to $999,9990.0%0.1%3.9%
 $1,000,000 to $1,499,9990.2%0.0%2.2%
 $1,500,000 to $1,999,9990.0%0.1%0.8%
 $2,000,000 and over0.0%0.0%1.1%
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 Housing Units By Year Built
 Richmond, INNew Albany, INUnited States
 2015 and Newer0.0%0.0%0.2%
 2010 to 20144.4%6.1%13.6%
 2000 to 20094.4%6.1%13.6%
 1990 to 19995.6%6.9%13.6%
 1980 to 19896.6%8.7%13.2%
 1970 to 197912.8%13.2%14.8%
 1960 to 19695.6%6.9%13.6%
 1950 to 195914.5%12.2%10.0%
 1940 to 194910.2%10.9%4.7%
 1939 or Earlier29.4%26.1%12.2%

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Reviews for Richmond    5 Reviews

do you see any changes no and lot of people don't even vote in this poverty retirement town. most of the educated people have left Richmond and Indiana all together. Be  More

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Over 11 years ago

Richmond is an attractive city for the most part, but for its population there is way to much crime. The police seem to worry more about petty issues like driving  More

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Over 13 years ago

Richmond is a great city homes here are very reasonable to buy. We have great parks. And lots of things to do for a town our size. I was born here so were my parents and  More

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Reviews for New Albany    2 Reviews

Over 8 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Over 17 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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